Deutsche Bank Downgrades Associated Banc-Corp (ASBC) to Hold

January 8, 2013 7:30 AM EST Send to a Friend
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Price: $18.43 +2.39%

Rating Summary:
    1 Buy, 14 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 43 | New: 52
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Deutsche Bank downgraded Associated Banc-Corp (NASDAQ: ASBC) from Buy to Hold with a price target of $14.00.

The firm comments, "We continue to believe ASBC is well positioned as a defensive play amongst the mid-cap banks given (1) expected NIM stability near-term, (2) continued loan growth above the industry, (3) efficiency initiatives and declining BSA costs, and (4) a solid capital deployment outlook. Further we expect an EPS beat in 4Q12 on lower expenses and provision, with stronger fee income."

For an analyst ratings summary and ratings history on Associated Banc-Corp click here. For more ratings news on Associated Banc-Corp click here.

Shares of Associated Banc-Corp closed at $13.87 yesterday.


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